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A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2024 · Q41 Mark

What is the main reason an economy is unlikely to rely completely on market forces to allocate resources?

ADemerit goods will be over supplied.
BMerit goods will be under supplied.
CPrivate goods will not be supplied.
DPublic goods will not be supplied.

✓ Correct answer

D: Public goods will not be supplied.

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Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2024 Paper 1 Variant 2, question 4.

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